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DATE: November 8, 2016
TIME: 10:30 AM CCT
TO: ALL ANR PIPELINE COMPANY CUSTOMERS
RE: AVAILABLE FIRM STORAGE AND TRANSPORTATION CAPACITY (Open Season #203)
ANR Pipeline Company ("ANR" or "Transporter") is initiating an aggregate Net Present Value (NPV) binding open season for the following firm capacity.
STORAGE CAPACITY
ANR has firm storage capacity of 5,000,040-Dth of 90 Day Annual Ratcheted Service beginning April 1, 2017 for a term of one (1) year ending March 31, 2018.
ANR reserves the right to reject any bid should the rate bid not meet ANR's undisclosed minimum bid rate requirement for services stated above.
This capacity will not have ROFR, unless Shipper bids Maximum Tariff Rates.
ANR will be holding this open season in accordance with Part 6.2.10 (i) of the General Terms and Conditions of its FERC Gas Tariff, commencing at 10:30 a.m. CCT Tuesday November 8, 2016 and ending at 10:00 a.m. CCT on Friday, November 11, 2016. Winning bidders will be notified no later than 3:00 p.m. CCT Friday, November 11, 2016.
Pursuant to ANR's tariff, all requests for service for the capacity available above will be treated under this open season. All bids submitted during the open season may be withdrawn and/or replaced with an equal or higher NPV bid during the open season period. Bids cannot be replaced with lower NPV bids.
ANR reserves the right to reject negotiated rate bids. ANR reserves the right to reject bids that are less than maximum tariff rates or do not meet the undisclosed minimums as established in this open season. ANR reserves the right to reject bids with deviations in monthly MSQ's or MDWQ's. ANR reserves the right to reject contingent bids. ANR reserves the right to reject any bid with a term end date before March 31, 2018. ANR reserves the right to reject any request that is incomplete, contains modifications to the bid form(s), or conflicts with ANR's FERC Gas Tariff. ANR reserves the right to award capacity for a quantity less than the bid quantity, if sufficient capacity is not available to award the entire bid. This open season is subject to ANR's FERC Gas Tariff and to all applicable laws, orders, rules, and regulations of authorities having jurisdiction.
Upon completion of this open season, all remaining bids will be considered binding until a successful bid(s) has been awarded. All final bids received during the open season will be evaluated on a Net Present Value per MSQ (NPV) basis using the factors below. All bids should refer to Open Season #203.
NPV/MSQ = En [R*(1 / (1+i)**n)]/MSQ
En = Summation of months 1 through n (Sigma)
n = term in months
MSQ= Contract MSQ
R = Incremental monthly revenue of all services/paths in bid
i = Monthly Discount Factor (current FERC quarterly rate) This rate can be found at
https://www.ferc.gov/enforcement/acct-matts/interest-rates.asp
These factors will be weighted equally. If more than one bid has the same NPV and requests for service exceed available capacity, then the capacity shall be awarded pro rata to shippers with matching NPV bids. In the event of a tie parties interested in this capacity may specify an acceptable minimum prorated MSQ.
Parties interested in this capacity should submit a binding bid via email by sending their requests to erik_anderson@transcanada.com. Contact Erik Anderson to confirm ANR's receipt of any bid.
For further information or for questions regarding this open season, please contact your designated Account Manager or one of the contacts listed below.
Anderson, Erik 248-231-0564
Lakhani, Adam 832-320-5559
Open Season # 203
Binding Bid Form
Firm Storage Service
Shipper Company Name:
Shipper Duns Number:
Shipper Contact (Name):
Title:
Address:
Telephone No.:
Fax No.:
Email:
Service Commencement Date: April 1, 2017
Primary term requested: March 31, 2018
Storage MSQ Requested (Dth):
Acceptable minimum prorated MSQ: ________________________
Maximum Daily Withdrawal Quantity: MSQ ÷ 90
Maximum Daily Injection Quantity MSQ ÷ 175
FSS Storage Service: Flexible Entitlements - Ratcheted
Circle desired rate election: Recourse rate (max tariff)
Discounted rate
If discounted rate elected above
Total Storage Reservation Rate Bid: _________________________
Note: Transporter will split the total reservation rate into Deliverability and Capacity reservation rates at its sole discretion
ROFR: No (unless Max Tariff Rate is Bid)
Signed:
By:
Title:
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